805 San Luis Rey Place

San Diego, CA 92109 View Map $1,300,000 Ask a Question
Beds3
Baths2
Sq.Ft.4,122
Year1960
Joy Bender

Joy Bender

(760) 212-2717
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Status: Sold
Listing Office:Coldwell Banker West
Property Type:Res Income 2-4 Units
MLS #:200005704
Sq. Feet:4,122
Date Sold:5/5/2020
County:San Diego
SOUTH MISSION BEACH DUPLEX OR BUILDABLE LOT! COASTAL DEVELOPMENT PERMIT APPROVED FOR: 2 NEW 4 BEDROOM / 3.5 BATH UNITS WITH 2000 APPROXIMATE SQUARE FEET OF LIVING AREA AND ATTACHED GARAGES!!!!! Currently, there are two separate houses with garages that are producing rental income. Rents are below market due to the property being for sale: Projected GSI is: $62,400. Hurry this amazing bay side property and opportunity won't last long!!!!

Wow! What an opportunity! Build 2 modern condominiums complete with all of the features and amenities that will ensure contemporary beach community living! With the Bay and Ocean just steps away this is a spectacular place to build dream homes to sell, short or long term rentals, or a second home. Most importantly, the Coastal Development Plans are approved! Mission Beach offers plenty of sand, surf & outdoor fun. Belmont Park, plenty of shops & restaurants are yours to enjoy!

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
5/8/2020$1,345,000$1,300,000-3.3%

Community Information

Address:805 San Luis Rey Place San Diego, CA 92109
Area:Pacific Beach (92109)
County:San Diego
City:San Diego
Area (MLS Code):Coastal South
Zip Code:92109
Community:MISSION BEACH
Complex:Mission Duplex

School Information

High School:San Diego Unified School District
Middle School:San Diego Unified School District
Elementary School:San Diego Unified School District

Architecture

Bedrooms: 3
Bathrooms: 2
Year Built:1960
Stories:1
Exterior: Stucco
Total Stories: 1
Unit 1: 2 beds, 1 bath. Rent: $2000.0
Unit 2: 1 bed, 1 bath. Rent: $1450.0
Roof: Composition

Features / Amenities

Total Sq. Ft.:4122
Pets Allowed: Yes
Miscellaneous: Value in Land
Water Heater: Gas

Rooms

Dimensions
Master
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Kitchen
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Lot Dimensions:4,000-7,499 SF
Site: Corner Lot, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
Topography: Level
Water: Meter on Property
Sewer: Sewer Connected
Telecommunications: Cable (coaxial)
Fencing: Full
Zoning:R-2 MINOR

Tax and Financial Info

Gross Sched Income Actual: $41, 400
Gross Sched Income Projected: $62, 400
Annual Expense Actual: $3, 500
Annual Expense Projected: $3, 500
Cap Rate Actual: $27
Cap Rate Projected: $23
Tenant Pays: Cable TV, Electricity, Hot Water
Terms: Cash, Conventional

Schools

WALKING AND TRANSPORTATION

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Listing information last updated on August 9, 2020 4:30 AM EST.